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HB 505 / AA (BR 1819) - R. Benvenuti III

     AN ACT relating to retirement benefits for legislators.
     Create a new section of KRS 61.510 to 61.705 to prohibit future members of the General Assembly from participating in the Kentucky Employees Retirement System unless they participated in the Kentucky Employees Retirement System or the Legislators' Retirement Plan as members of the General Assembly prior to August 1, 2016; allow current members of the General Assembly participating in the Kentucky Employees Retirement System to make a one-time election to discontinue participation and to take a refund of accumulated contributions; amend KRS 6.505 to close the Legislators' Retirement Plan to new members effective August 1, 2016; allow current members of the General Assembly participating in the Legislators' Retirement Plan to make a one-time election to discontinue participation and take a refund of accumulated contributions; amend KRS 61.510 to conform.



     Feb 26, 2016 - introduced in House
     Feb 29, 2016 - to State Government (H)